Business

The latest business news in Nigeria, Africa and the world.

McDonald's Fires CEO Over Relationship With Employee
McDonald’s Fires CEO Over Relationship With Employee
McDonald’s on Sunday said its Chief Executive Officer has left the company after violating company policy by engaging in a consensual relationship with an employee.
Border Closure: Nigeria Meets Benin, Niger Republics
Border Closure: Importers Send ‘Inviting’ Message To Foreign Companies
Some cross-border businessmen on Sunday say they were discussing with companies from Cote d’Ivoire to establish branches in Nigeria to retain their patronage.
Border Closure: Nigeria Meets Benin, Niger Republics
Why Border Closure Is Unfavourable To Us – Union Leader
The National Union of Chemical Footwear Rubber Leather and Non-Metallic Products Employees (NUCFRLANMPE) on Saturday said that the recent border closure by the Federal Government was threatening the jobs of its members.
Border Closure: Agric Minister Gives Farmers Reassurance On FG's Support
Border Closure: Agric Minister Gives Farmers Reassurance On FG’s Support
As Nigeria's borders remain closed, Mustapha Shehuri, the Minister of State for Agriculture and Rural Development on Saturday reassured farmers on accessibility of better farming equipment and government support.
Six Modular Refineries To Start Operations - FG
Dangote Refinery’ Production Resumption Date Revealed
The mega crude oil refinery being built by Nigerian billionaire Aliko Dangote will be ready for commissioning at the beginning of 2021, with production reaching full capacity by the end of the first half of the year.
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Border Closure: What Ex-Agric Commissioner Says On Decision Against Rice Importation
Chief Austin Chikezie, the Chairman, Delta House of Assembly Committee on Agriculture, has lauded the Federal Government for the closure of the border against rice importation.
NNPC Saves Over $3bn From Arbitrations, Says Kyari
NNPC Signs MoU With Russian Oil Company Lukeoil
The Nigerian National Petroleum Corporation (NNPC) on Thursday in Russia signed a Memorandum of Understanding (MoU) with Russia’s Lukeoil to elevate commercial relationship to a government-to-government backed partnership.
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Border Closure: What Farmers Say About Those Re-bagging Local Rice
Some rice farmers in Lagos state on Thursday demanded stiffer sanctions for those involved in re-bagging local rice into foreign branded bags to sell at high prices.
Buhari Reacts To World Bank Ease Of Doing Business Ranking
Buhari Reacts To World Bank Ease Of Doing Business Ranking
President Muhammadu Buhari has said that Nigeria's rise in the latest World Bank's Ease of Doing Business index report shows that the country's strategy is working.
Buhari Asks Revenue Agencies To Reduce Operational Costs
Finance Minister Zainab Ahmed Not Bothered By Nigeria’s N25.7tr Debt
Nigeria's Finance Minister Zainab Ahmed has said there are no worries about the country's debt portfolio, Concise News had learned. 
Benue: Gov. Ortom Shocked By Transport Practice
Benue Farmers Send Message To Ortom’s Govt
Some tomato farmers in Benue have called on the state government to mop up surplus tomatoes in markets across the state to curb wastage, Concise News reports.
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Nigeria Ranks 131st In World Bank’s Ease Of Doing Business Index
What this mans is that Nigeria has moved up 15 places from 146th position in the 2018 ranking.
rice nigeria price production
Border Closure: Rice To Sell For N9000 Per Bag Next Month – Presidency
The presidency has expressed optimism that with the bumper harvest expected from farmers, the price of a bag of rice would crash to N9,000.
How Banks Asked Telcos To Charge For USSD
Nigerian banks reportedly proposed to telecommunication companies to charge customers directly for USSD services, Concise News has learned.
innoson motors plant
Innoson Motors Speaks On Relocating Manufacturing Plant To Lagos
Innoson Vehicles and Motors has refuted speculations making the rounds that the company is set to relocate its manufacturing plant to Lagos State from Nnewi, Anambra State.
IMF Gets Christine Lagarde's Replacement
Border Closure: Minister Explains Why IMF ‘Supports’ Nigeria
The International Monetary Fund (IMF) “supports’’ Nigeria’s land border closure as the action is not punitive, says the Minister of Finance Zainab Ahmed. 
Border Closure: FG Reacts To Hike In Food Prices Across Nigeria
Border Closure: FG Reacts To Hike In Food Prices Across Nigeria
The Federal Ministry of Agriculture and Rural Development has said the country is food sufficient, noting that the prices of foodstuff will crash soonest. 
FG, States, LGs Share N693.529bn In September – FAAC
The Federation Account Allocation Committee (FAAC) has shared a total of N693.529 billion to the three tiers of government for the month of September.
FG Speaks On Removing Fuel Subsidy
The Federal Government has no immediate plans to remove fuel subsidy, Minister of State for Petroleum, Timipre Sylva has said.
Buhari Asks Revenue Agencies To Reduce Operational Costs
FG To Introduce New Tax On Coke, Fanta, Other Soft Drinks
The Minister of Finance Zainab Ahmed has said the federal government is mulling the introduction of excise duty on carbonated drinks.
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